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20121207
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Search Results 0 to 47 of about 48 (some duplicates have been removed)
CSPAN
Dec 4, 2012 7:00am EST
to go before the united states faces the fiscal cliff, the white house has rejected a proposal from house republicans to prevent tax hikes and spending cuts at the end of the year. no formal talks between the two sides are scheduled today. will go outside the nation's capital to get your voice involved. republicans -- democrats -- independents -- send us a tweet, post your comments on facebook, or send us an e-mail. we begin with some of the papers across the country today and how this latest proposal from house republicans is playing out in the papers. courtesy of "the atlantic journal-constitution" -- here is "the denver post" -- finally, here is "of the arizona republic" -- here is "the washington post" on what is inside this deal -- we want to get your take on this. what do you think? ted in new york, a democratic caller. what do you think? caller: good morning. i do not think it goes far enough. i think it was greenspan that i heard last week said in a discussion panel that a recession as a result of going over the fiscal slope would be a small price to pay to pay back all the
FOX News
Dec 2, 2012 9:00am PST
on fox news sunday. discussing the stalemate of the fiscal cliff between white house and republicans on capitol hill. i sat down with the anchor chris wallace to hear more about the exclusive interview interviews. >> you had two key players. >> we had tim geithner the point man for president. and john boehner, the point man for the congressional and house republicans. >> geithner made the offer to boehner on thursday. boehner said, tells us, he was flabbergasted and said you can't be serious. it called for doublebe what the president talked about in public. not $800 billion in new revenue but $1.6 trillion in revenue. only $600 million in entitlement and spending cuts. well, that is not one to one or three to one. more revenue than spending cuts. they are really far away now. i understand negotiations. i understand opening bid. for first time, it occurred to me they might not get it done. >> you get a sense hearing from both of them that is a real possibility. what do you make of the negotiation of the tactic? it seems like what secretary geithner behalf of the president brought to t
MSNBC
Dec 4, 2012 2:30am PST
a year end deadline, the white house is wasting no time rejecting the republicans' fiscal cliff counter offer on tax reforms and spending cuts. the gop plan consists of $2.2 trillion in saving officials a decade including raging the age for medicare from 65 to 67 and lowering the cost of living increases for social security benefits. they also propose overhauling the tax code to generate $800 billion in new revenue but without raising taxes on the wealthy. frn in a letter to the president, republicans attempted to sell the offer as the erskine bowles plan, comparing it to the same offer he drew up last year. >> i think he'd disagree. >> the co-chair of obama's deficit commission, but yesterday mr. bowles flatly rejected that connection. meanwhile, the white house is turning to campaign style messaging as a reminder of whose tax plan was chosen in the court of public opinion on election day. >> under my plan, first of all, 98% of folks who make less than 250,000, you wouldn't see your income taxes go up a single dime. all right? because you're the ones who need relief. but we're not goin
FOX News
Nov 30, 2012 3:00am PST
's presentation of the white house's proposal to avoid the fiscal cliff falls in line with that. the headline is $1.6 trillion in new taxes multi-year stimulus package starting with at least $50 billion in 2013 alone and the white house also wants the ability to raise the debt limit permanently unless two-thirds of congress vote against it. something also attached, about $400 billion in spending cuts not enough for republicans. >> i'm disappointed in where we are and disappointed in what's happened over the last couple of weeks. going over the fiscal cliff is serious business and i'm here seriously trying to resolve it and i would hope the white house would get serious as well. >> the white house says they are willing to do tough things to compromise, so now it's time for republicans in washington to ask the wealthiest americans to pay higher tax rates. >> asking for a political price be paid in order for congress to do its job to insure that the united states of america pays its bills and does not default for the first tim
CNN
Nov 29, 2012 12:00am PST
that allowed him to the white house. our discussion on the fiscal cliff, aweterity masquerading, i hope he will remember the mandate he has from the people. who put him in the white house. i hope he remembers that budgets are moral documents. say what you say, but you are what you are. you put your budget onley table, we'll see what you think of women and children, those suffering community. african-american unemployment, completely off the charts. hispanic community, not doing much better. i saw a number today, as a matter of fact, piers, the median net worth in this country is now at the level of 1969. from 1983 to 2010, the top 1%, their median income dropped 71%, their median net worth jumped 71%. the rest of the country at 1969 levels for median net worth. the president has to understand that. he can't cave in on the debate with the republicans in washington. >> who do you think the gop should turn to now to try to become more electable. putting aside your preferences. where should they go? be braver this time, have a vp pick of condoleezza rice or marco rubio? what should they be thi
FOX News
Nov 29, 2012 3:00pm PST
tonight in the fiscal cliff negotiations. republicans are pushing back hard. against president obama and the democrats over what will be in whatever deal they craft to avoid the implementation of the automatic spending cuths and tax increases. chief white house correspondent ed henry is live with details. good evening, ed. >> tonight we have new details of exactly what treasury secretary geithner laid out to republicans in the big meeting earlier today is. the republican aides tell mike emanuel there was a lot of detail about the new tax increases. $1.6 trillion in new tax increases from the new rate, capital gain, dividends as well. new spending, starting with $50 billion next year. the white house is countering that is leftover stuff from the president american jobs act. not really spending. nonetheless, the republican aides on the hill saying this is a nonstarter to them. white house aide i just spoke to said that this is not new. this is the president's original budget framework going to september of 2011. they say inside the white house tonight the real problem is the republican
FOX News
Nov 29, 2012 10:00am PST
. new research on the white house plan to avoid the so-called fiscal cliff is raising concerns about how much the tax hikes can do to keep the economy afloat. the edover an influential financial paper he says america needs to be focused on. a case showing the potential down sides of winning the lottery. we'll detail the case of a man who struck it rich big time, and then was found dead and buried under a concrete slab in someone's backyard. now could the woman accused of stealing his cash and killing him wind up a free woman? "kelly's court" takes a look. >> i would never hurt that man. he knows, everyone knows i would never hurt that man in any way. t from a legal settlement or annuity over 10 or even 20 years? call imperial structured settlements. the experts at imperial can convert your long-term payout into a lump sum of cash today. and i'm here to tell homeowners that are 62 and older about a great way to live a better retirement. it's called a reverse mortgage. [ male announcer ] call right now to receive your free dvd and booklet with no obligation. it answers questions like how a
CNN
Nov 28, 2012 9:00pm PST
to the white house. again, the so-called fiscal cliff, austerity masquerading, i hope he remembers the people that put him in the white house, the mandate. and that budgets are moral do t documents, you can say what you say, we'll see what you are, you can say what you think of women, the suffering, african-american communities. completely off the charts. the hispanic community not doing much better. i just saw a number today, in fact, piers, the median net worth in this country is now at the level of 1969. from 1983 to 2010, the top 1%, their median net worth jumped 73%, the rest of the country, we're now at 1969 levels for median net worth. the president has to understand that. he can't cave in on this debate with these republicans in washington. >> who do you think the gop should turn to now to try and become more electable. putting aside your obvious preferences. where should they be going? should they have had a vp pick of a condoleezza rice, or a marco rubioo. >> well, first of all -- >> it is always healthier. >> sure, i agree, i agree in competition. i like real contests. so i want t
FOX News
Dec 6, 2012 3:00am PST
did hold a fiscal cliff phone call. but there is still one big problem. the white house still doesn't want to budge. >> we saw no prospect for an agreement that doesn't involve the rates going up on the top 2%. >> gretchen: but isn't government spending the real problem? why aren't we hearing a lot about that, a lot of dough being thrown around. >> brian: how much do you know about the fiscal cliff? >> it reminds me about something i probably learned in school. but some type of cliff, the economy going pow. >> isn't that the government? this is embarrassing. >> brian: how many people really know what it is and what it means? we hit the streets. >> steve: indeed, and bob costas and his no spin zone to defend his half time gun control rant. what did he say and what does former nfl player think? he will join us live to react this hour. "fox & friends" hour two for thursday starts right now. >> gretchen: i thought the same thing that scarlet johansson was in times square answering ainsley's question. i thought what, a lucky day for steve and brian that yesterday they would have petra an
FOX News
Dec 6, 2012 6:00am EST
. president and speaker hold a fiscal cliff call. there is a problem, the white house doesn't want to budge. >> we face no agreement that doesn't involve the rates going up on the top two percent. >> gretchen: so is it really progress or a stand still. >> steve: meanwhile the reverend behind this nativity scene. live pictures and he has a message from the federal government. merry christmas, government. you are not the real savior. the reverend joins us live this christmas season. >> brian: super storm sandy couldn't wipe out his home but something else did. >> she said to me. are you sure your house is gone. you misplace a pen and pencil but not a house. >> gretchen: how the entire house vanished. "fox and friends" starts right now. ♪ ♪ "fox and friends". >> steve: a house is something that is not easy to misplace. if you leave it there, you come back and it is there. >> gretchen: you hope that happens. we'll fill you in on the details. in the meantime what happen in a phone call. a lot can happen, right. you can get in fights and agreements and compromise. hum, i am not so sure that h
FOX News
Nov 30, 2012 6:00am PST
committee after republicans slapped the whole fiscal cliff plan came from the white house yesterday. here's the speaker. no substantive progress has been made between the white house and the house over the last two weeks. listen, this is not a game. jobs are on the line, the american economy is on the line and this is a moment for adult leadership bill: there were certainly sharp new reaction from republicans to a white house plan to avoid the fiscal cliff. this is the opening play by the president. here is house speaker john boehner who says that weeks of talks have gone nowhere. melissa: two weeks ago we had very product testify conversation at the white house but based on where we stand today i would say two things. first, despite the claims that the president supports a, a balanced approach, the democrats have yet to get serious about real spending cuts. and secondly, no substantive progress has been made in the talks between the white house and the house over the last two weeks. bill: the speaker considers that just absolutely wasted time. kentucky democratic congressman john yarmout
FOX News
Nov 29, 2012 8:00am PST
, saying he is slightly pessimistic. he says there is 2/3 chance they will go off the fiscal cliff. that is not what the markets want to hear, jon. jon: not at all. ed henry at the white house. if jay carney relents and let you into the meeting give us a shot. we'll be on air. >> reporter: i will give you a copy of the menu. jon: please do, thanks. jenna: we'll forget about politicians just for a moment. i promise we'll return there surely over the next couple hours. let's talk about some renewed private sector pushing to really slash the federal budget. a group called citizens against government waste is calling for nearly $2 trillion in cuts the next five years. doug mckelway is live with the story. doug, how realistic is that goal? >> reporter: how realistic is the goal? not realistic at all. let's be honest about this. at least it is a benchmark we can strive for. citizens against government waste went through the federal budget, they identified $392 billion in cuts. $1.8 trillion in cuts over next five years. which totals 11% of the federal budget, none which touches the most
FOX News
Dec 5, 2012 3:00pm PST
of progress. but yes, the white house would, "absolutely go over the fiscal cliff" if the republicans would not raise tax rates. now republicans are pointing back to july 2011. this statement by president obama. >> yes, said give us $1.# trillion in additional revenues that could be accomplished without hiking tax rates, but could simply be accomplished by eliminating loopholes. eliminating deductions. and engaging in a tax reform process that could lowered rates generally while broadening the base. >> bret: the white house is saying it's out of context but not specifically how out of context. bring in the panel. steve hayes for "weekly standard." kirsten powers for daily beast. syndicated columnist, charles krauthammer. charles? >> look, i love when the president says we need conceptual break through. meaning the republicans have to accept a hike in rates. what he means is a political surrender. because there is no economic reason why you cannot raise the money he wants raised. by doing it through eliminating deductions, inclusions and credit. number one as we saw he, himself, said so. a y
CNBC
Dec 5, 2012 4:00am EST
. >>> talks between the white house and republicans over the fiscal cliff are grinding to a hold. house speaker john boehner dealing with division in the gop's ranks to his budget plan. we've got a shanghai surprise. china's mainland markets up over nearly 3% after beijing's new leaders called for economic stability and new business growth. and it looks like more austerity for britain. george osborne getting ready to release his autumn statement. >>> nokia shares a little bit high today. they are teaming up with china mobile, giving access to the world's biggest mobile phone markets. >>> if you just got up, very warm welcome to the start of your global trading day. stocks are on the front foot this morning. this is where we stand with u.s. futures. currently called up around about 30 points higher. the dow down, what, 13 points? the nasdaq called up just under 40 points. the s&p 500 at the moment is called up just over three points. it was down two points yesterday. european stocks doing a little built better. they were as flat as a pancake, as i've been saying. as flat as my pancakes.
MSNBC
Nov 30, 2012 2:30am PST
's top republican laughing out loud at the white house proposal to avert the fiscal cliff. >> i don't know much about the government. is that a good sign if they make a proposal? >> when you do that to me, i know you're not taking me seriously, right? >> sometimes getting really stupid offers, also not polite. >>> plus, an update on the condition of the former president george h.w. bush. he had a health scare in houston yesterday. we're going to tell you how he's doing this morning. >>> but first let's get to the news live at 5:30 here at 30 rock in new york city. this morning, president obama departs to pennsylvania where he will continue his campaign sales pitch on how to solve the country's fiscal challenges. yesterday treasury secretary tim geithner met with republicans to unveil the white house's budget proposal which includes $1.6 trillion in new tax revenue over ten years as well as $50 billion in additional stimulus spending. with limited details on spending cuts, the gop's reaction, less than encouraging. senator mitch mcconnell reportedly burst into laughter while geithner
FOX News
Dec 4, 2012 3:00am PST
, the president and the white house shoots down the republican's offer to avoid the fiscal cliff. is he really looking to compromise or is it the president's favorite deal no deal at all? laura ingraham weighs in live from washington in moments. >> brian: the dare program teaches kids about the dangers of drugs, won't talk about pot anymore. the reason? kids will smoke it anyway. they're giving up. really? really? "fox & friends" starts now. >> steve: that is something that they're scratching pot off the list. >> brian: it's legal now in some states and people are making believe they have illnesses so they can smoke it and buy it with prescriptions. >> gretchen: you don't have to make anything up. you can say you have a headache. >> brian: in colorado? can you write a -- you can't, but could dr. siegle? >> steve: for medical marijuana. >> brian: in new york? >> steve: i bet he could if if were legal here. >> gretchen: he was going to sew up your coat and so much more earlier today. >> brian: i don't need a surgeon necessarily. >> gretchen: let's get to your headlines. fox news alert. this one
FOX Business
Dec 3, 2012 11:00am EST
.m. eastern about the fiscal cliff. all part of the white house my2k campaign with the president drumming up support for higher taxes on the rich. dennis: that will be a fair and balanced asourcement of questions. our parent company, parent corp., details on splitsville, editor and chief of the "wall street journal" is ceo of the print spinoff taking the news corp. name. the video film television properties is fox group and the daily, launched by news corp. last year as the first ipad only newspaper, one of them anyway, closing, rest in peace. ad spending is the canary in the coal mine taking a hit, three ad agency giants reducing forecasts for next year. 4.5%. more sluggish 4.1%, and worldwide, interpublic, most bearish, in half to 3.1% next year, and there's this, the 86-year-old icon of playboy getting hitched on new year's eve to crystal harris who is six decades younger, she's 26. now, that's just wrong unless you're hugh hefner. tracy: she didn't show last time. the second engagement, and jilted four days before hand. dennis: i so hope they'll be okay, those young kids. marriage is har
FOX
Dec 4, 2012 6:00am PST
president barack obama to work on the fiscal cliff. they will meet with house speaker john boehner, governor jerry brown is actually not in the group. >>> white house is rejecting the republican fiscal proposal. and it is a counteroffer to the one president barack obama offered last week. coming up, what the white house says is missing in the republican proposal. >>> time now time to bring tara back. if anybody is headed for the bay bridge, what do you want them to know. >> if we take a live look, this happens in just a matter of minutes and i bet you it is going on right now. so give yourself extra time if you are headed into the city right now. we can show you 580 westbound and then also up in the pittsburgh antioch area, slow going there on highway 4 as you make your way towards concord. last but not least, 280 san jose and traffic is moving along pretty well. 6:07 here is steve. >>> cloudy skies, now last hour, there has been some light rain in mendocino and down to salina, it is cloudy and a few areas of fog. this system is considerably weaker than the one we have and it looks like we w
CNBC
Nov 30, 2012 1:00pm EST
of the white house's proffer here in the fiscal cliff negotiations. >> do you have faith in any of them to rise above? >> would it be okay to go over? >> we will rise above. >> one can only hope. so how should investors brace themselves for the big week ahead? in today's trader triple play, jeff kilburg, along with mahir dongei. steve, you get to go first. would you have expected that today basically a flat-line kind of day for the dow and s&p and so forth, would have been more volatile given greece, given the comments out of washington and in pennsylvania? >> i certainly would have. i'd have thought that the greek news, the bailout tranche, would have been more positive. i would have thought the miss on consumer spending would have been more negative. i would have thought we saw more movement in the futures market before the open. we didn't see that. we waited for the political speakers. they've been pretty much lined up on their sides defending those who voted for therm. they've been moving markets which they didn't do today. >> jeff kilburg, how are you positioning your accounts, your portfo
FOX
Dec 4, 2012 7:00am PST
go over the fiscal cliff? new numbers are out and alison burns joins us live with more. >> reporter: a few research polls out show more americans would blame republicans over the white house. this poll shows that 53% of americans say if we go over the fiscal cliff, more blame would fall on republicans in congress. 27% believe the finger would be pointing at president obama. now, the president vowed during his re-election campaign that we would not reach that point but we're -- but we're certainly getting closer. we just learned the president is rejecting the latest counteroffer from republicans. democrats believe they can force republicans to vote on tax increases. house minority leader, nancy pelosi, could be filing the necessary paperwork in a couple of hours. reporting live from washington, d.c., alison burns, ktvu channel 2 news. >>> 7:15. right now, president obama is meeting with a bipartisan group of governors at the white house. reportedly, the governor has requested the meeting with the president. they want to urge president obama to work with congress on a solution to the
FOX News
Dec 5, 2012 3:00am PST
by the white house to talk about what the president's pitch is regarding the fiscal cliff. he's been adamant, the top 2% have to pay a higher tax rate and apparently he wanted the folks from the leftist network all on board with him. >> so in the bush administration, we would sometimes need to do something like talk radio row, i think we called it. it was brilliant. we had the conservative talk radio hosts lined up and get a hole bunch of interviews so they could be persuaded on president bush's plan on things like tax reform, immigration. so from a tactical standpoint, i think president obama is saying, let me talk to people so they make sure they know where i'm coming from. here is the thing that he could do, he is talking to people who agree with him. although some people on the left actual will he want him to go even further left. i think he felt like he need to do shore up those things. but i think president obama is miss ago big opportunity here. i think if he invited some people who don't agree with him, he might be surprised at what he could accomplish. he might be able to charm them
FOX News
Dec 2, 2012 1:00pm PST
bit. republican leaders say though are nowhere near on negotiations to avoid the fiscal cliff. >> and protest in tahrir square as anger continues to grow against egyptian president mohammed morsi. we'll have a live report. >> new information on what may have caused a freight train carrying dangerous chemicals to derail in new jersey. >> heather: the clock is winding down to a potential economic disaster. there has been a lot of talk apparently nothing to show for it. democrats and republicans blaming each other nor the standoff with your tax bill riding on the out come. unless an agreement is reached by the end of the month, bush-era tax cuts will expire triggering a rise in taxes by an average of 5%. that means a middle-class family will pay $2,000 more in taxes and married couples would be hurt because of marriage penalty. it doesn't include the budget consequences. $55 billion would be cut from the pentagon and another $55 billion slashed from domestic programs. an estimated 2 million jobs could be lost pushing the economy back into a recession adding to the misery to those
FOX News
Nov 29, 2012 6:00am PST
: in part with a hashtag. my 2k. the white house is saying if the u.s. goes off the fiscal cliff it will cost the average middle class family $2,200 a year and they want middle class social media users, twitter users who don't want that to happen to get online right now. >> today i'm asking congress to listen to the people who sent us here to serve. i'm asking americans all across the country to make your voice heard. tell members of congress what a $2,000 tax hike would mean to you. call your members of congress. right them an email. post it on their nice book walls. you can tweet it using the hashtag, my 2k. >> reporter: as you heard at the top of the show treasury secretary timothy geithner is going to be on the hill today. one of his meetings will be with senate majority leader mitch mcconnell who just said, we are eager to hear the administration's specific plans for protecting jobs and growth by reducing the national debt, reducing washington spending and preventing a tax hike on every american taxpayer. so, bill, the two sides are talking to each other but it does sound li
FOX
Dec 6, 2012 7:00am PST
. >>> the standoff over the fiscal cliff is putting jobs here in california and alison burns has more on this. >> reporter: and secretary panetta has warned the fiscal cliff would hurt our national defense. he's expected to hold a news conference any minute now. he's getting the order from the white house to brace for massive budget cut us. now, the automatic spending cuts that would kick in if congress does not reach an agreement on the fiscal cliff would force the pentagon to slice about 10% of the budget. the defense industry projects one in five defense contracts in california would be lost. the aerospace industry is projecting that 135,000 department jobs would be cut along with 90,000 jobs for a total of about 225,000 jobs lost in california over the next few years. alison burns, ktvu channel 2 news. >>> 8:16. well, today will mark the 9 oth annual lighting of the national christmas tree. president obama and his family, they will flip a switch lighting that tree this evening. neil patrick harris, remember doogie howser? he will be hosting the event. james taylor and the fray will be amo
FOX News
Dec 3, 2012 3:00am PST
, 2012. i'm gretchen carlson. count down to the edge. 29 days from the fiscal cliff and this is what republicans say about the white house's latest offer. >> flabbergasted. he can't be serious. >> gretchen: but treasury secretary tim geithner says republicans need to make the next move. he's straight ahead. >> gretchen: nfl player murders his girlfriend, kills himself. so what does bob costa say during half time? call for a moment of silence perhaps? no, he pushes for gun control. is that really appropriate? >> steve: that's what he did. sibling rivalry starts in the womb and, ladies and gentlemen there, is proof. the sonogram. that's the first round. twins fighting? can you believe it? that's okay. "fox & friends" hour two for monday starts right now. >> brian: can i lean over now? >> steve: yeah, go ahead. >> steve: that is an extraordinary picture. >> gretchen: it is extraordinary because could it be that the twins in the womb are going no, you move over! i want more food out of that umbilical colored. >> brian: the one thing about that uterus, it's tight in will. >> gretchen: i'm
Current
Dec 6, 2012 3:00am PST
house is absolutely ready to go over the fiscal cliff this january. that's the word from treasury secretary timothy geithner who appeared yesterday in an interview with cnbc. taxes are still the major impact and geithner says there is no path to an agreement that does not involve a tax hike on the wealthiest 2%. even some members of the g.o.p. are encouraging lawmakers to support the tax hikes in exchange for a broader deal on health and retirement programs. mainly republicans want to see an increase in the medicare eligibility age as well as a smaller amount of inflation applied to social security. the longer speaker boehner waits on a compromise, less bargaining power he will have. many say now is the time to give in on taxes. it is a big day in washington state for same-sex couples who will be able to pick up their wedding certificates today. voters in washington, maine and maryland approved same-sex marriage on the ballot in november. and yesterday, governor chris gregoire signed that into law calling this the las
CNBC
Nov 29, 2012 6:00am EST
the fiscal cliff. >>> also at the top of the hour, former white house council economic provider greg mankiw. from currency trading for a few to a currency market for everyone. the potential of fxcm unlocked. nyse euronext. unlocking the world's potential. the potential of yelp unlocked. nyse euronext. unlocking the world's potential. >>> welcome back, everybody. secretary treasurer time dpiet nev geithner is going to be speaking today. majority leader eric cantor, house bunt committee chairman paul ryan and the chairman of the house is tax's ways and mean committee, also lunch with republican senate minority leader mitch mcconnell and nancy pelosi. he has a pretty full schedule today. >>> yesterday a number of high-profile corporate leaders met with president obama at the white house including goldman sachs' ceo lloyd blankfein. >> at this point both sides had acknowledged there was going to be revenue concessions and entitlement concessions. in fact, if you listen to it, again, i'm not a master of the political art here and i'm not no washington, but i would say if you had these point of v
CNBC
Dec 3, 2012 9:00am EST
up, we're one month away from the fiscal cliff and so far the white house and congressional republicans are still in disagreement over how to reduce the deficit and avoid a raft of tax hikes and spending cuts. yesterday our own jim cramer and maria bartiromo were on "meet the press" and cramer had a message for fellow panelists and father of the anti-tax pledge, grover norquist. >> most ceos are republican. they're on board. they're not on board with you. they're not on board with you because they fear your view. they think you do not favor going -- you favor going over the cliff. that's what they think. they think that you favor -- >> just for the record since we're on tv. that's silly if they think that they shouldn't be ceos. >> it doesn't really matter. that's what they think. >> i want you to walk me up to that moment. >> behind the record. i like that too. >> i'm stuck. like grover is stuck with this pledge he made everybody take which is that they have to go over the cliff because they obviously will not ever say the word tax. they will only say revenue. i'm stuck spe
CNBC
Dec 3, 2012 7:00pm EST
compromise with their latest counter offer on the fiscal cliff. not as many spending cuts as they originally wanted and slight entitlement reform. the white house has just reject this offer out of hand and once again it solely is because it doesn't raise tax rates on the rich. when is obama going to rise above that obsession? when will he lose that over rich people and tax rates? i don't know. tonight, i'm is going to try to call his bluff. anyway, also breaking tonight, potential catastrophe if syria uses its chemical weapons. president obama issues a stern warning to syria and i quote the world is watching. and there will be consequences if syria uses these wmds. have we just committed ourselves to another war? and the gun control debate is squarely back in the spotlight tonight after the murder/suicide by nfl player in kansas city, second amendment instead of blaming the sick people who use them. republicans have responded to a fiscal cliff counter offer to president obama. eamon javers joins us now from washington with all the details. good evening. >> reporter: good evening. leapt me wa
CNN
Nov 28, 2012 6:00pm PST
of sense. >> coming up. and the fiscal cliff again. turning into one of mit romney's top money men. to come home for the holidays. that's double miles you can actually use... sadly, their brother's white christmas just got "blacked out." [ brother ] but it's the family party! really jingles your bells, doesn't it? my gift to you! the capital one venture card! for any flight, any time! that's double miles you can actually use! how illuminating. what's in your wallet? let me guess, am i on the naughty list again? ho ho ho! try this... bayer? this isn't just a headache. trust me, this is new bayer migraine. [ male announcer ] it's the power of aspirin plus more in a triple action formula to relieve your tough migraines. new bayer migraine formula. time for citi price rewind. because your daughter really wants that pink castle thing. and you really don't want to pay more than you have to. only citi price rewind automatically searches for the lowest price. and if it finds one, you get refunded the difference. just use your citi card and register your purchase online. have a super sparkly day! ok
CNN
Dec 5, 2012 6:00am PST
hikes during fiscal cliff negotiations. congressman boehner is starting a news conference that is scheduled to start any hour now. >>> also, we could hear president obama's response to speaker boehner's offer. he is is publicly pushing his plan to raise taxes on the wealthiest of americans. we'll bring that to you 50 minutes from now. >>> lawmakers are listening to responses of superstorm sandy. they are going to demand more funds for the cleanup. this is the third of four hearings scheduled. >>> and in houston, a history making mission to the international space station. scott kelly, the american astronaut, will speak about his next launch. if all goes as planned, it will set the longest record for a space mission for an american. we'll see what he's saying. "newsroom" starts right now. >>> good morning. thank you so much for being with us. i'm carol costello. this should be interesting. speaker john boehner is meeting with house republicans who are angry at his new pitch to raise 8$800 million in fiscal cliff negotiations. we're expecting a news conference any minute now
MSNBC
Nov 29, 2012 5:00pm PST
secretary tim geithner who offered republicans a detailed plan to avoid the fiscal cliff. it included $1.6 trillion in new revenue from tax hikes on the rich. the white house is giving $400 billion in savings from medicare and entitlements. there's also a request for at least $50 billion in infrastructure spending, mortgage relief, and other stimulus measures. none of this is a surprise to the republicans. this is what president obama campaigned on. it's also what republicans have been presented behind closed doors for weeks. "politico" reported on the deal taking shape behind the scenes. it includes most of the same details the white house has in its proposal. according to "politico" house republican leaders recognize president obama holds the high cards and the public is likely to blame republicans if negotiations blow up and the new year begins with a fiscal disaster. the facts didn't stop speaker boehner from claiming the white house is holding up negotiations. >> majority leader and i just had a meeting with the treasury secretary. it was frank, and it was direct. i was hopeful we'd
CNBC
Dec 3, 2012 12:00pm EST
with one month to go before the fiscal cliff. our traders for the hour, joe terranova, stephanie link, simon baker, josh brown. they're ready with your best plays right now. and joe terranova, play this market. >> 4:00 this morning when i got up, i turned on the screens. looked at where the market was and tweeted directly to stephanie. if you are a money manager, you were asked at 4:00 in the morning, why is the market here, why is it not lower? well, it's now 12:00, scott, and after the ism, the s&p futures trading 14, 15, the same question. why is the market here? it should be lower, given all the fundamentals going on in the marketplace right now. that tells you, there's something going on here psychologically that goes beyond the negativity that we see out of d.c. maybe the street is smarter than we expect. but you are seeing a little bit of a lift. and any market that's quiet, you never sell it. >> josh, the market is hanging in. >> short-term traders are really nervous about missing a santa claus rally. so you're seeing this kind of fade. the news reaction. in the absence of us
MSNBC
Dec 6, 2012 3:00am PST
yesterday with treasury secretary tim geithner suggesting the white house is ready to go off the cliff if republicans refuse to raise taxes on the 2%. >> if republicans do not agree to that, is the administration prepared to go over the fiscal cliff? >> oh, absolutely. again, there's no prospect to an agreement that doesn't involve those rates going up on the top 2% of the wealthiest americans -- remember, it's only 2%. the size of the problem in some sense is so large, it can't be solved without rates going up as part of that. again, i think there's broad recognition of that reality now. >> one fallback option republicans are reportedly considering is to accept tax cuts for the middle class, allow rates to go up for the wealthiest, and then start the fight over again during debt limit talks early next year. yesterday at a business roundtable of ceos, president obama took a hard line, warning his opponents not to consider this strategy. >> if congress in any way suggests that they're going to tie negotiations to dell creting votes and take us to the brink of default once again as part
MSNBC
Dec 3, 2012 12:00pm PST
. we talked about being in a stalemate recently in terms of the fiscal cliff. house speaker john boehner and along with the rest of the leadership has presented an offer to the white house in a letter sent today based off something boles said to the supercommittee last year. you see the offer on the screen. 800 billion through tax reform, 600 billion in health savings, 300 billion in mandatory savings, 300 billion further discretionary savings. it nets to a total of $2.2 trillion in savings. what does it mean? in the letter we know the sticking point is the tax rates. the speaker says, quote, notably the new revenue in the boles plan would not be achieved through higher tax rates, which we continue to oppose and will not agree in order to protect small businesses and our economy. instead new revenue would be generated through pro-growth tax reforms that closes special interest loopholes and deductions while lowering rates. you see in this latest proposal while they offer up pour savings by saying, look, we can tax the rich people through the $800 billion figure. we can find more
FOX
Dec 4, 2012 5:00am PST
with congress to work on a solution to the fiscal cliff. in the afternoon they will meet with house speaker john boehner and governor jerry brown is not in that group. >>> tara is back, you know all about our commute, what is happening in pacifica. >>> well, to the northport tall bridge, they are able to stabilize that weak spot. right now we will take a live look headlights are flowing nicely as you make your way towards the mcarthur maze. up next, we have 880 up near the oakland coliseum, same story staff is flowing very nicely. it is dark up there but take my word for it, traffic is flowing nicely, 5:07 let's check with steve. >>> ukiah announced they can't hold a candle to what was there. heavier amounts will not be to the north. any rain on already saturated soil will need to be watched. one to two will cover it, i think this system will weaken considerably. it doesn't mean we will not get more rain. the pattern will change, there could be some morning drizzle in some of the higher elevations and rain in the north bay, you can see it there having returns near clover dale, winds near clover
CNN
Dec 5, 2012 11:00am PST
, 27 days until the fiscal cliff. and i know you know that already, but guess what, folks? the deadline for congress and the white house to act, to stop the tax increase and punishing spending cuts, that deadline is coming up quicker than you may realize because did you know, congress plans to end its current session on december 21st? check your calendar as we did today. that's two weeks from friday. that means that under congressional rules any agreement, any legislation to fix this whole mess would have to be filed here by december 28th. here's the kicker. the president currently plans to leave town the day before that, on the 17th of this month. so the yearly obama trip to hawaii is set to start a week from next monday. you feel me here? see where i'm going? the window closing faster than folks think. what are our decisionmakers doing right now? among other things they are apparently sending signals through the media. republicans saying time to get moving. the president saying there is a deal to be had fairly quickly if the republicans come around to raising taxes on the wealthy. let
CNBC
Dec 5, 2012 4:00pm EST
26 days away from the fiscal cliff. steve liesman joins us now live from the treasury. he has an exclusive interview with one of the key negotiators at the white house, secretary of treasury timothy geithner. >> maria, thank you. i'm here with the secretary of treasury at a crucial time. thank you for joining us. >> thank you. >> speaker boehner has put forward a proposal which "usa today" says demonstrates more political courage the democrats have shown. the white house is saying today it's not even wor ty -- worthy of a response. what are we missing? >> i think we are making progress. they acknowledged they were prepapered to do $800 billion in higher taxes on part of the american economy. that's part of the balanced framework. that's definitely progress. what we need to see is have them acknowledge the rates go up. if they're willing to accept that and commit to that, then we think we could do something good for the economy. we can make the government use the taxpayers' money more efficiently, lock in some spending savings and do some long-term entitlement reforms to make s
CNBC
Dec 5, 2012 5:00pm EST
. unlocking the world's potential. >>> no fiscal cliff deal without raising taxes on the rich. that's what treasury secretary timothy geithner told steve lease son. steve joins us from the white house with more on this. >> melissa, thanks very much. interesting comments from the treasury secretary who laid out the negotiating position of the administration in ways that it hadn't before, at least not explicitly as they had. what i want to play here is the sound from the interview and i'm going to put my question in there too just so you understand exactly what the treasury secretary was responding to when it comes to the position of the administration on walking away or letting the country go over the fiscal cliff without tax hikes for the wealthy. here it is. >> i want to understand the administration's position when it comes to raising taxes on the wealthy and those making more than $250,000. if republicans do not agree to that, is the administration prepared to go over the fiscal cliff? >> oh, absolutely. there's no prospect to an agreement that doesn't involve those rates going up on th
FOX Business
Nov 29, 2012 9:20am EST
's talking to congressional leaders about the fiscal cliff? tim geithner. obama goes on the road, look at that video. tim geithner arriving at the white house. capitol hill, dow industrials up 63 points in the early going this there's a morning. recovering investment banker carol roth is here, charles payne is here and nicole petallides on the floor. she looks really angry, on the floor of the stock exchange. new at 10:00, is the mortgage deduction on the table in the fiscal cliff talks, the answer is yes. >> at this point everything is on the table. the challenges you have to question where the limit is. do we want people to the grandfathered in, you don't want anyone to get a new mortgage, we have ridiculously low interest rates, stocks in terms of prices, we don't need it to the grandfathered and the table for the future. stuart: i don't believe anyone is saying abolish the mortgage interest deduction. and a certain amount year is what they were saying. and the interest on it is -- they lower that. charles: there are some people that are derivative. stuart: there is no prayer of tha
FOX
Dec 5, 2012 6:00am PST
the fiscal cliff. ktvu house smoker john boehner could be facing an uphill battle within his own -- >> reporter: speaker boehner -- certainly talk here that some republicans could revolt if speaker boehner caves to pressure from the white house to raise tax rates on the wealthiest 2% of americans. and while he's certainly had not agreed to that some are promising to block it. tea party favorite jim says giving into democrats to avoid the fiscal cliff is a temporary solution he's not willing to support. >> republicans should not be conceding the federal government needs more money. >> reporter: we will be hearing from democrats shortly. minority leader nancy pelosi is holding a news conference. we'll have that for you during our next update. reporting live from washington, d.c. alison burns ktvu channel 2 news. >>> a los angeles area fire house is under fire for letting an exdeny letting an exercise company shoot a racy video inside its station. the video by hoopnautic.com shows a scantily dressed woman dancing around. the station was also in trouble last year for allowing some fi
CNBC
Dec 6, 2012 6:00am EST
they are. this makes the white house as extreme in the house who are willing to go over the fiscal cliff instead of raising taxes on the wealthy. he's talking about the rates. he said rates on the wealthy. >> larry summers is a former treasury secretary, very smart, a harvard professor and we agree on a lot of things and that was not new. they've already agreed to raise rates on the wealthy. >> raising tax rates has been something the president's insisted on for two years. it was a central issue in the campaign. >> don't you think the republicans -- >> i think everybody gets it. the president is not signing legislation, no way, that does not raise tax rates. i think the president has been as clear as day that he will not do it without raising the level of tax. >> marginal? >> including marginal tax rates. he said the 35% rate has to move up, that base broadening alone is insufficient. >> maybe not 39.6. >> he has been as clear as day on that point. the president's position as i understand it has been that we have to raise rates but he is certainly prepared to combine rate raising with ba
FOX News
Dec 4, 2012 8:00am PST
just a year ago and the one we're having over the fiscal cliff, is that we have to be willing right now to come to the table, have these negotiations and, speaker boehner, the day after the election, signaled to the white house, he went to the podium and said we're willing to put tax revenue on the tail but we must have the spending, spending reductions and also the entitlement reforms. jenna: so the white house says they will not compromise unless we do see tax rates going up. at least for the wealthiest. what do you see the end result being? if that is the red line they're drawing, what do you see as part of the compromise there, they say they must see those rates go higher?. >> it is a question whether or not they're going to insist on those, that those top 2% rates going up. it is really a straw man in the whole debate. even if we raised the top 2%, we tax them at 100% it would only fund the federal government for 91 days. this does not solve the problem and we need, we need a real fix, not just a quick fix. it comes through tax reform. it comes through also, addressing the structur
Current
Dec 5, 2012 3:00am PST
from america's business leaders as to what should happen in the fiscal cliff negotiations then then this afternoon he travels about 5. he will host house members, some of us of the white house press corps for the christmas reception, jay carney's briefing at 12:30. >> this is bill press show. >> good wednesday morning to all of you fellow americans and welcome to the "full-court press," your progressive morning show the only progressive morning show on national television, good to have you with us this morning and we will bring you up to date on what's happening, the little bit that's going on here in our nation's capitol, lots of talk not much action. rest of the news, most importantly give you a cans to sound off, take your call at 866-55-press, news on the media front this morning, word out that fox news has decided that they are going to put on the shelf karl rove and dick morris. no wonder, they are the biggest snakes in american politics plus they got everything wrong during campaign. so who would trust them about anything anymore? pretty ba
FOX News
Nov 29, 2012 3:00am PST
more than a month away from right now we face this fiscal cliff, maybe mitt romney, who had a lot of great ideas, and in fact, some of the pros coming out of the white house sound a lot of what mitt romney has said in the past. maybe they'll talk about that. it's interesting, yesterday the president did appear before some small business leaders and essentially this is what he's suggesting to congress: accept tax hikes right now and we will work on a bigger deal later. so let's do the tax hikes right now and do the deal later. what do you think about that? here is the president. >> families and small businesses would therefore be able to enjoy some peace of mind heading into christmas and heading into the new year. and it would give us more time then next year to work together on a comprehensive plan to bring down our deficits, streamline our tax system, to do it in a balanced way. including asking the wealthiest americans to pay a little more so that we can still invest in things like education and training and science and research. >> brian: so he is still politicking. and he is
MSNBC
Nov 29, 2012 3:00am PST
-poo the lottery. for them, $500 million. >>> let's get to the fiscal cliff. politico has an exclusive report that president obama and house speaker boehner had a television conversation. politico characterizes it as, quote, kurt. he wants the white house to move his position on tax rates, but the president won't budge. the president responded to the house speaker according to politico telling him, if he has an alternative plan he ought to put that forward rather than focusing on entitlements. meanwhile the white house will send tim geithner to the white house for meetings with republican and democratic conditioningal leaders. yesterday the president met with big ceo's from goldman sachs, at&t, cater pillar, many who said after the meeting they've merged hoping a deal could be struck to avoid the fiscal cliff. in another meeting president obama said he believes the framework for a deal could be in place before christmas. >> i'll go anywhere and i'll do whatever it takes to get this done. it's too important for washington to screw this up. now is the time for us to work on what we all agree to
CSPAN
Dec 3, 2012 8:00pm EST
the fiscal cliff. let's hear the latest proposal. >> it would be about 2.2 trillion dollars in additional deficit reduction on top of what has already been enacted, and they say compared to the white house, when using the same as the white house, it would be 4.6 trillion dollars in deficit reduction over 10 years, and that includes $800 million in new tax revenue of the republicans say would come from tax reform but not from increasing tax rates, which has been a sticking point. >> are we talking about bush era tax rates? >> there are questions all of the bush era tax rates would be extended into next year. it would be in that process they would generate the $800 billion in new revenue, and that would be through capping deductions, eliminating loopholes, and they say and who $800 billion could be raised without raising tax rates, and that is in dispute with the white house. the white house has said there would been on and on and no deals unless you look for greece to increase tax rates on the wealthy next year. >> what do they say about sequestration's and also changes to entitlement prog
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